Hub24 Bull Sees Positive Signs in Equities' Rally -- Market Talk

Dow Jones
2025/07/04

2346 GMT - Hub24's bull at Bell Potter reckons that consensus forecasts for the Australian wealth platform haven't fully factored in share markets' recent recovery. Analyst Hayden Nicholson points out in a note to clients that all major indexes gained over the June quarter. Reeling off a list of significant moves by global indexes, Nicholson observes with hindsight that the S&P/ASX 200's performance is a strong predictor of Hub24's funds under management. The Australian benchmark index gained 9.5% over the three months through June, he adds. Nicholson raises his fiscal 4Q funds under management assumption by 3%. Bell Potter raises its target price 33% to A$100.00 and keeps a buy rating on the stock. Shares are at A$89.21 ahead of the open. (stuart.condie@wsj.com)

 

(END) Dow Jones Newswires

July 03, 2025 19:46 ET (23:46 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

应版权方要求,你需要登录查看该内容

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10